Manhattan Corporation Limited (ASX:MHC) is a well funded uranium company with a significant uranium oxide resource of 17.2Mlb and a further drilled potential of 2.5Mlb to 5.5Mlb reported for the Double 8 deposit in Western Australia. In addition there has been mineralisation potential based on drilling reported for Stallion South, Highway South and Ponton prospects of 31 to 62Mlb. There remains substantial exploration upside yet to be drill tested along the Palaeochannels at Ponton that will expand this resource base.Manhattan's strategy for growth is to expand the resource and advance the Ponton uranium deposits to mine development stage and, by merger and acquisitions, to acquire additional quality uranium resources that can be developed into producing mines in the near term.
